# In subdued trading, insights from Scotiabank indicate the Canadian Dollar’s softness amid cautious market sentiment - VT Markets

> The Canadian dollar showed little change in quiet trading as US yields rebounded and the short-term US-Canada rate spread widened. Scotiabank estimated fair value at 1.3890 and expects CAD softness to continue into November, with the US 2-year yield more than 50bp above the Canadian equivalent.

- Date: 2025-10-31 · published 2025-10-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/22653-in-subdued-trading-insights-from-scotiabank-indicate-the-canadian-dollar-s
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A wider US-Canada rate gap supports a stronger US dollar against the loonie, which can influence Canadian export pricing for feed ingredients in USD terms.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- vtmarkets.com: https://www.vtmarkets.com/live-updates/in-subdued-trading-insights-from-scotiabank-indicate-the-canadian-dollars-softness-amid-cautious-market-sentiment/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.